Guardian Exploration Inc. announced a private placement of a minimum of CAD 300,000 and a maximum of CAD 500,000 of flow- through units of CAD 0.10 per unit and non- flow through units at a price of CAD 0.05 per unit on January 15, 2021. The flow- through units consists of one flow through common share and flow through warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.15 per share for a period of 3 years from date of issue. In case the closing price of the common shares of the company is equal to or exceeds CAD 0.15 for 30 days trading dates, then the warrant expiry date shall accelerate to the date which is 30 calendar days following the date a formal notice is issued by the company announcing the reduced warrant term. The non-flow through units consist of one ordinary common share and one non-flow-through warrant. Each warrant entitles the holder to purchase one common share of the company at CAD 0.25 per share for a period of 3 years from date of issue. The securities issued are subjected to four months and one day hold period. The company may finders fees in the transaction. The company may raise up to CAD 300,000 from flow through units and remaining from non-flow through units. The transaction is subjected to TSXV approval.